Tennessee awards $17 million in Site Development Grants
NASHVILLE, Tenn. (WDEF) — The Industrial Development Board of Bradley County and Cleveland is set to receive funds from state Site Development Grants.
Tennessee Governor Bill Lee and Department of Economic and Community Development (TNECD) Commissioner Stuart C. McWhorter announced today that 11 communities across the state will receive more than $17 million in Site Development Grants.
These grants aim to enhance infrastructure and engineering capabilities, along with helping sites achieve Select Tennessee certification.
“A shovel-ready industrial site can be the deciding factor for a company looking to do business in Tennessee, and that’s why our efforts are critical to community and economic development. I congratulate the communities receiving funding through this round of grants and look forward to seeing the growth our investment in these sites will bring.”
-Tennessee Governor Bill Lee
The Site Development Grant program is part of the Rural Economic Opportunity Act.
This act focuses on improving the economies of Tennessee’s rural communities.
Since 2016, the program has provided nearly $100 million in funding to 191 projects, generating 7,091 new jobs for Tennesseans.
“Eleven Tennessee communities are one step closer to achieving Select Tennessee Site certification through today’s announcement. Tennessee’s rural communities are the backbone of our state, and I applaud the local leaders who have taken the necessary steps to set each of these communities up for future economic investment and job creation.”
-Department of Economic and Community Development Commissioner Stuart C. McWhorter
This round of funding supports a variety of projects, from property grading to speculative building construction.
The recipients include:
- City of Trenton Economic and Industrial Development Board: $20,000 for due diligence at Trenton IDB Building.
- City of Union City: $1,100,000 for property clearing and grading at Northwest TN Regional Industrial Center.
- Clarksville-Montgomery County Area Economic Development Council: $600,000 for access road construction and due diligence at North Industrial Park.
- Industrial Board of Coffee County: $1,610,450 for sewer infrastructure at Manchester Industrial Park.
- Industrial Development Board of Morristown: $4,000,000 for speculative building construction at East TN Progress Center Lot 10.
- Industrial Development Board of Benton County: $1,937,050 for property purchase at Smith Property.
- Industrial Development Board of Fentress County: $100,000 for due diligence at Clarkrange Regional Business Park.
- Industrial Development Board of Scott County: $66,500 for due diligence at Airport Industrial Site.
- Industrial Development Board of Fayetteville and Lincoln County: $3,500,000 for speculative building construction at Runway Centre Industrial Park.
- Industrial Development Board of Bradley County and Cleveland: $2,946,186 for property grading at Spring Branch Industrial Park Lots 8 & 9.
- Paris-Henry County Industrial Committee: $1,123,760 for property clearing and due diligence at Paris-Henry County Industrial Park.
